Market Signals For The US Stock Market And Indian Stock Market - Sunday, Nov. 29

 

Indicator

Weekly Level / Change

Implication for

S & P 500

Implication for Nifty*

S & P 500

3638, 2.27%

Bullish

Bullish

Nifty

12969, 0.85%

Neutral **

Bullish

China Shanghai Index

3408, 0.91%

Bullish

Bullish

Gold

1788, -4.42%

Bearish

Bearish

WTIC Crude

45.53, 7.18%

Bullish

Bullish

Copper

3.42, 4.02%

Bullish

Bullish

Baltic Dry Index

1219, 6.18%

Bullish

Bullish

Euro

1.1964, 0.94%

Bullish

Bullish

Dollar/Yen

104.09, 0.22%

Neutral

Neutral

Dow Transports

12561, 2.69%

Bullish

Bullish

High Yield (Bond ETF)

107.66, 0.52%

Bullish

Bullish

US 10 year Bond Yield

0.84%, 2.15%

Bearish

Bearish

NYSE Summation Index

789, 34.24%

Bullish

Neutral

US Vix

20.84, -12.07%

Bullish

Bullish

Skew

132

Neutral

Neutral

20 DMA, S and P 500

3531, Above

Bullish

Neutral

50 DMA, S and P 500

3446, Above

Bullish

Neutral

200 DMA, S and P 500

3152, Above

Bullish

Neutral

20 DMA, Nifty

12545, Above

Neutral

Bullish

50 DMA, Nifty

11979, Above

Neutral

Bullish

200 DMA, Nifty

10750, Above

Neutral

Bullish

S & P 500 P/E

36.83

Bearish

Neutral

Nifty P/E

35.66

Neutral

Bearish

India Vix

19.82, 1.02%

Neutral

Bearish

Dollar/Rupee

73.94, -0.24%

Neutral

Neutral

 

 

Overall

 

 

S & P 500

 

 

Nifty

 

 

Bullish Indications

13

13

 

Bearish Indications

3

4

 

Outlook

Bullish

Bullish

 

Observation

The S and P and the Nifty rallied last week. Indicators are bullish for the week.

The markets have begun a great depression style collapse. Watch those stops.

   

On the Horizon

Eurozone  German employment data, CPI, US - Employment data, India – RBI rate decision

   
       

*Nifty

India’s Benchmark Stock Market Index

   

Raw Data

Courtesy Stock charts, investing.com, multpl.com, NSE

   

**Neutral

Changes less than 0.5% are considered neutral

 
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